Critical Illness Insurance 101
Many of us think of Critical Illness Insurance and Disability
Insurance as something that would be nice to have but not really
fitting into our budget. We somehow rationalize that $5 cup of
gourmet coffee in the morning, but not the few dollars per week
we could spend to protect our finances and our loved ones should
we ever find ourselves in a pickle with our health. The peace of
mind that Critical Illness Insurance and Disability Insurance
can provide at such a time is priceless.
It is important to take a look at your life and finances when
choosing a policy. There are many different types of policies to
choose from. With the help of your representative, you will find
the one that suits you and your life the best. You want a
quality policy that if you should need to file a claim would
start the benefits quickly and have enough benefit paid to you
that your lifestyle is not greatly changed and your finances are
not overburdened. Critical Illness Insurance and Disability
Insurance works with your major medical policy, helping you to
pay any out of pocket expense and your regular household bills
while you focus on just your recovery.
When filing a claim for Critical Illness Insurance or Disability
Insurance, if independent medical examinations are mentioned do
not be alarmed. Insurance companies often request that you are
seen by a doctor other than your regular doctor to be sure that
you are receiving the proper treatment (a second opinion
scenario) and also to be sure that your claim is valid. This is
no way a slur directed at you personally. Independent medical examinations
serve two purposes. The first is to be sure that you are on the
right road to a quick and healthy recovery. The second is to
prevent those would try to receive fraudulent benefits. Fraud,
if allowed, could raise the few dollars per week that Critical
Illness Insurance and Disability Insurance cost the average
person to a price out of reach, and many who do find themselves
grateful for their benefits when the need arises would not have
chosen to purchase this invaluable insurance at such a premium.
Therefore, as you can see, independent medical examinations
ensure proper handling of your case and are not meant to add an
extra stress.
If you are still one of the masses who has yet to commit to a Critic
al Illness Insurance policy or Disability Insurance policy,
the next time you sip that coffee, listen to that new CD, or
pick up the lunch tab for a co-worker, stop and ask yourself
why. Can you really afford to be without it?